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SALEM, OR-The firm behind the 1.7-million-sf Brewery Blocks redevelopment on the northwestern edge of Downtown Portland is being recommended to the Salem City Council as the best owner-developer for a $20-million, two-and-a-half-block Downtown redevelopment project.
LONDON-An estate agent has broken ranks to say that property prices are rising too fast and predicts that the market will drop to show overall growth this year of just 5%
CHICAGO-The 1.07-million-sf building acquired by the Jackson, MS-based REIT for $173.5-million last year will likely get a co-owner next month after contingencies are met, says Parkway Properties, Inc. president and chief executive officer Steven G. Rogers.
ORLANDO-Investors are giving Florida lower priority this year as they move their money into ventures closer to home where they can better monitor the progress of a new company, PricewaterhouseCoopers says in its quarterly national survey.
YPSILANTI TOWNSHIP, MI-K&M Engineering and Consulting Corp. of Arlington, VA plans to build a natural gas-fired plant to sell electricity to service providers. The project would be built on 20 acres bounded by two junkyards.
BOSTON-First quarter statistics compiled by Meredith & Grew, Inc. indicate that the market here is remaining relatively flat with vacancy rates at 12.3% compared to 11.7% at the end of last year. Of that figure, 40% is sublease space.
NEWPORT BEACH, CA-Following a recent declaration of its common and preferred dividends, Nationwide Health Properties Inc. announces its first quarter results. First quarter 2002 results are $37,688,000 versus $41,346,000 for the same period of last year.
RICHMOND, VA-The Richmond Marriott is primarily owned by Cranston, RI's The Procaccianti Group, following the company's recent acquisition of a $10.4 million mortgage on the property. The hotel and property are valued at $20.5 million.
SAN FRANCISCO-In a city with 13 million sf of empty office space, landlords are feeling the pressure and brokers are benefiting from their desperation. Brokers who can land tenants for San Francisco landlords are being rewarded with cash, travel, cars and more.
JERSEY CITY-The Houston-based firm has gotten the assignment from JPMorganChase, which occupies all of the two Newport Office Center buildings on this city's waterfront.